GDP 2025: China Beats US In This Ranking! Where Does India Rank & When Will It Become 2nd Largest Economy? Check List

Top 10 Countries by GDP (PPP) 2025: Did you know that China is the world’s largest economy in terms of GDP (PPP)? PPP, or Purchasing Power Parity, focuses on the domestic currency’s purchasing power within the economy for a basket of goods. Interestingly, India is already the world’s third-largest economy in terms of GDP (PPP)! As per the IMF’s latest October edition of the World Economic Outlook, America’s GDP (PPP) will be approximately 1.75 times that of India’s in 2025! When will India overtake the US to become the second largest on this list? Which will be the world’s largest GDP (PPP) economy in 2025? We take a look at the top 10 countries by GDP (PPP) in 2025 according to IMF data.

The United States of America, or the US, the world’s largest economy in terms of nominal GDP, ranks second in the list of the top 10 countries by GDP (PPP) for 2025. As per the October 2024 edition of the IMF’s World Economic Outlook, the US GDP (PPP) for 2025 will be $30,337 billion. This is likely to rise to $35,458 billion by 2029.

For many years, India has been the world’s third-largest economy in GDP (PPP) rankings. In nominal GDP terms, India ranks as the 5th largest economy globally. IMF estimates indicate that India’s GDP (PPP) in 2025 will be $17,365 billion. This is expected to rise to $24,015 billion by 2029. An EY study last year suggested that if India can maintain GDP growth of 6-7%, it will be able to overtake the US as the second-largest economy in GDP (PPP) terms in the next few decades.

Russia is the fourth largest economy in the world in terms of GDP (PPP). IMF’s latest estimates for 2025 peg Russia’s GDP (PPP) at $7,130 billion. According to the IMF, this is expected to rise to $8,044 billion by 2029.

Japan, the fourth largest economy in the world in nominal GDP terms, ranks 5th on the list of the top 10 countries by GDP (PPP) for 2025. According to IMF estimates, Japan’s GDP (PPP)in  2025 will be $6,768 billion. This will rise to $7,474 billion by 2029.

Germany ranks sixth on the world’s top 10 economies with the highest GDP (PPP) for 2025. As per the latest IMF estimates, Germany’s GDP (PPP) in 2025 will be $6,175 billion. This will rise to $6,921 billion by 2029. Germany is currently the world’s third-largest economy in nominal GDP rankings.

Indonesia will become the 7th largest economy in the world in GDP (PPP) terms by 2025, as per IMF estimates. The latest data suggests that Indonesia’s GDP (PPP) in 2025 will be $4,983 billion. This is likely to rise to $6,531 billion by 2029.

Brazil will rank 8th in the list of top 10 largest economies in GDP (PPP) terms in 2025. As per IMF’s October edition of the World Economic Outlook, Brazil’s GDP (PPP) will be $4,891 billion in 2025. This is estimated to rise to $5,780 billion by 2029.

France will have a GDP (PPP) of $4,485 billion in 2025, making it the 9th-ranked country on the list of top 10 countries with the highest GDP (PPP). According to IMF estimates, France’s GDP (PPP) will rise to $5,099 billion by 2029.

The United Kingdom, or the UK is the 10th largest economy in the world in GDP (PPP) by country rankings. In 2025, the UK’s GDP (PPP) is estimated at $4,425 billion. This is likely to rise to $5,037 billion by 2029, as per the latest IMF estimates.

Italy will be the world’s 11th largest economy in GDP (PPP) terms in 2025, as per the latest IMF data. Italy’s GDP (PPP) for 2025 is estimated at $3,691 billion. This will likely rise to $4,078 billion by 2029.